Last week, the nonpartisan Congressional Budget Office estimated the cost for the short-term physician payment fix to the sustainable growth rate (SGR) formula and the other healthcare provisions will cost about $8.3 billion over 10 years. Lawmakers agreed to pay for that in large part by revamping the payment system for the nation’s long-term acute-care hospitals.
As noted in an earlier Bulletin, the North Carolina Medical Society (NCMS) was in constant communication with Sen. Richard Burr, a member of the Senate Finance Committee and the NCMS has been actively engaged with other key legislators, signing onto a letter from the Coalition of State Medical Societies urging repeal of the SGR. The Coalition urged the Committee chairs to:
- Provide positive automatic payment updates
- Eliminate the Fee-for-Service program penalties
- Revise or eliminate adoption of the ICD-10 coding system
Read the entire letter here.
The NCMS will continue to push for repeal and meaningful reforms to the Medicare payment system. The American Medical Association (AMA) has played a significant role in monitoring the Congressional action as well as the Centers for Medicare and Medicaid Services (CMS) final rule on the 2014 Physician Fee Schedule. Read a summary of the CMS rule here.